Common use of Priorities of Distribution Clause in Contracts

Priorities of Distribution. 58 Section 4.03 [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 Allocation of Realized Losses.........................................................61 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ARTICLE FIVE THE CERTIFICATES......................................................................66 Section 5.01 The Certificates......................................................................66 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 Persons Deemed Owners.................................................................70 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72

Priorities of Distribution. 58 63 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............67 Section 4.04 [Reserved]............................................................................61 ............................................................68 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................68 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................69 Section 4.07 [Reserved]............................................................................64 ............................................................71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............71 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...............................................................73 Section 5.01 The Certificates......................................................................66 ......................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................77 Section 5.04 Persons Deemed Owners.................................................................70 .................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............77 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...........................................79

Priorities of Distribution. 58 73 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................61 Allocation of Net Deferred Interest...................................................77 Section 4.05 Allocation of Realized Losses.........................................................61 77 Section 4.06 Monthly Statements to Certificateholders..............................................62 78 Section 4.07 [Reserved]............................................................................64 Carryover Shortfall Reserve Fund......................................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 81 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................83 Section 5.01 The Certificates......................................................................66 83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 87 Section 5.04 Persons Deemed Owners.................................................................70 87 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 87 Section 5.06 Maintenance of Office or Agency.......................................................71 88 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................89

Priorities of Distribution. 58 63 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................67 Section 4.04 [Reserved]............................................................................61 68 Section 4.05 Allocation of Realized Losses.........................................................61 68 Section 4.06 Monthly Statements to Certificateholders..............................................62 69 Section 4.07 [Reserved]............................................................................64 71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 71 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................73 Section 5.01 The Certificates......................................................................66 73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 77 Section 5.04 Persons Deemed Owners.................................................................70 77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 77 Section 5.06 Maintenance of Office or Agency.......................................................71 78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................79

Priorities of Distribution. 58 60 Section 4.03 [Reserved]............................................................................61 64 Section 4.04 [Reserved]............................................................................61 64 Section 4.05 Allocation of Realized Losses.........................................................61 64 Section 4.06 Monthly Statements to Certificateholders..............................................62 65 Section 4.07 [Reserved]............................................................................64 67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 67 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................69 Section 5.01 The Certificates......................................................................66 69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 73 Section 5.04 Persons Deemed Owners.................................................................70 73 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 73 Section 5.06 Maintenance of Office or Agency.......................................................71 74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................75

Priorities of Distribution. 58 65 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................70 Section 4.04 [Reserved]............................................................................61 71 Section 4.05 Allocation of Realized Losses.........................................................61 71 Section 4.06 Monthly Statements to Certificateholders..............................................62 72 Section 4.07 [Reserved]............................................................................64 74 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 74 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................76 Section 5.01 The Certificates......................................................................66 76 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 76 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 80 Section 5.04 Persons Deemed Owners.................................................................70 80 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 80 Section 5.06 Maintenance of Office or Agency.......................................................71 81 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................82

Priorities of Distribution. 58 68 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................71 Section 4.04 [Reserved]............................................................................61 72 Section 4.05 Allocation of Realized Losses.........................................................61 72 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 74 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................78 Section 5.01 The Certificates......................................................................66 78 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 78 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 82 Section 5.04 Persons Deemed Owners.................................................................70 82 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 82 Section 5.06 Maintenance of Office or Agency.......................................................71 83 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................84

Priorities of Distribution. 58 Section 4.03 [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 63 SECTION 4.03. Allocation of Net Deferred Interest...............................................67 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 .....................................................69 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................70 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 ..........................................71 SECTION 4.07. [Reserved]............................................................................64 Section 4.08 ........................................................................73 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ........................73 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ..................................................................75 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ......................................................................75 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 .................................80 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 .............................................................80 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 .........................80 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ...................................................81 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72VI

Priorities of Distribution. 58 71 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................61 76 Section 4.05 Allocation of Realized Losses.........................................................61 76 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 78 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................78 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 81 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................84 Section 5.01 The Certificates......................................................................66 84 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 84 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 88 Section 5.04 Persons Deemed Owners.................................................................70 89 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 89 Section 5.06 Maintenance of Office or Agency.......................................................71 89 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................90

Priorities of Distribution. 58 64 Section 4.03 [Reserved]............................................................................61 ............................................................67 Section 4.04 [Reserved]............................................................................61 ............................................................67 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................67 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................68 Section 4.07 [Reserved]............................................................................64 ............................................................70 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............70 ARTICLE FIVE THE CERTIFICATES......................................................................66 The Certificates...............................................................73 Section 5.01 The Certificates......................................................................66 ......................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................77 Section 5.04 Persons Deemed Owners.................................................................70 .................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............77 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72The Depositor and the Master Servicer...........................................79

Priorities of Distribution. 58 65 Section 4.03 [Reserved]............................................................................61 68 Section 4.04 [Reserved]............................................................................61 68 Section 4.05 Allocation of Realized Losses.........................................................61 68 Section 4.06 Monthly Statements to Certificateholders..............................................62 69 Section 4.07 [Reserved]............................................................................64 71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 71 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................74 Section 5.01 The Certificates......................................................................66 74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 78 Section 5.04 Persons Deemed Owners.................................................................70 78 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 78 Section 5.06 Maintenance of Office or Agency.......................................................71 79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................80

Priorities of Distribution. 58 53 Section 4.03 [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 Allocation of Realized Losses.........................................................61 Section 4.06 4.02 Monthly Statements to Certificateholders................................................................................................58 Section 4.03 Allocation of Applied Realized Loss Amounts...............................................61 Section 4.04 Certain Matters Relating to the Determination of LIBOR....................................61 Section 4.05 Supplemental Interest Trust...............................................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination 4.06 Trust's Obligations under the Interest Rate Swap Agreement; Replacement and Termination of Pass-Through Rates for LIBOR Certificates............................64 the Interest Rate Swap Agreement ......................................63 ARTICLE FIVE V THE CERTIFICATES......................................................................66 CERTIFICATES Section 5.01 The Certificates......................................................................66 ..........................................................................64 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ...............65 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates..............................................................................70 Section 5.04 Persons Deemed Owners.................................................................70 .....................................................................71 Section 5.05 Access to List of Certificateholders' Names and Addresses..............................................................71 Section 5.06 Maintenance of Office or Agency..................................................................................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72VI

Priorities of Distribution. 58 59 Section 4.03 [Reserved]............................................................................61 ............................................................63 Section 4.04 [Reserved]............................................................................61 ............................................................63 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................63 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................64 Section 4.07 [Reserved]............................................................................64 ............................................................66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............66 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...............................................................69 Section 5.01 The Certificates......................................................................66 ......................................................69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................73 Section 5.04 Persons Deemed Owners.................................................................70 .................................................73 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............73 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72..................................................75

Priorities of Distribution. 58 69 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds............................................75 Section 4.04 [Reserved]............................................................................61 .........................................................................................76 Section 4.05 Allocation of Realized Losses.........................................................61 ......................................................................76 Section 4.06 Monthly Statements to Certificateholders..............................................62 ...........................................................77 Section 4.07 [Reserved]............................................................................64 .........................................................................................80 Section 4.08 Distributions from the Supplemental Interest Reserve Fund..........................................80 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 .........................................80 ARTICLE FIVE THE CERTIFICATES......................................................................66 .....................................................................................................83 Section 5.01 The Certificates......................................................................66 ...................................................................................83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ........................83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ..................................................87 Section 5.04 Persons Deemed Owners.................................................................70 ..............................................................................87 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ..........................................87 Section 5.06 Maintenance of Office or Agency.......................................................71 ....................................................................88 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................................................................................89

Priorities of Distribution. 58 59 Section 4.03 [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 Allocation of Realized Losses.........................................................61 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 65 Section 4.08 [Reserved]............................................................................65 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 65 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................68 Section 5.01 The Certificates......................................................................66 68 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 68 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 72 Section 5.04 Persons Deemed Owners.................................................................70 72 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 72 Section 5.06 Maintenance of Office or Agency.......................................................71 73 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................74

Priorities of Distribution. 58 60 Section 4.03 [Reserved]............................................................................61 Distributions in Reduction of the Class A-6 Certificates...........................................64 Section 4.04 [Reserved]............................................................................61 Class A-6 Policy Matters...............................68 Section 4.05 Allocation of Realized Losses.........................................................61 ..........................70 Section 4.06 Monthly Statements to Certificateholders..............................................62 ...............71 Section 4.07 [Reserved]............................................................................64 .............................................73 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ...........................................73 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...........................................75 Section 5.01 The Certificates......................................................................66 .......................................75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ...........................75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ......79 Section 5.04 Persons Deemed Owners.................................................................70 ..................................79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ..........................................80 Section 5.06 Maintenance of Office or Agency.......................................................71 ........................80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................81

Priorities of Distribution. 58 Section 4.03 [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 60 SECTION 4.03. Allocation of Net Deferred Interest...............................................63 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 .....................................................64 SECTION 4.05. [Reserved]........................................................................65 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 ..........................................65 SECTION 4.07. [Reserved]............................................................................64 Section 4.08 ........................................................................67 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ........................67 SECTION 4.09. Carryover Shortfall Reserve Fund..................................................69 SECTION 4.10. Determination of One-Year MTA.....................................................69 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ..................................................................70 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ......................................................................71 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 .................................75 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 .............................................................76 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 .........................76 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...................................................76

Priorities of Distribution. 58 63 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............66 Section 4.04 [Reserved]............................................................................61 ............................................................67 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................67 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................68 Section 4.07 [Reserved]............................................................................64 ............................................................70 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............70 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...............................................................73 Section 5.01 The Certificates......................................................................66 ......................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................77 Section 5.04 Persons Deemed Owners.................................................................70 .................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............77 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...........................................79

Priorities of Distribution. 58 Section 4.03 63 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 .............................................67 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 ..........................67 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds..................................................68 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ...............69 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates...........................................69 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ...........................................70 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 ..................................................73 SECTION 5.01. The Certificates......................................................................66 Section 5.02 .......................................73 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ...............................73 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ......78 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ..................................78 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ..............................................78 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ........................79 ARTICLE SIX VI THE DEPOSITOR AND THE MASTER SERVICER.................................................72............................80

Priorities of Distribution. 58 55 Section 4.03 [Reserved]............................................................................61 ..............................................57 Section 4.04 [Reserved]............................................................................61 ..............................................57 Section 4.05 Allocation of Realized Losses.........................................................61 ...........................57 Section 4.06 Monthly Statements to Certificateholders..............................................62 ................58 Section 4.07 [Reserved]............................................................................64 ..............................................60 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............................................60 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...............................................62 Section 5.01 The Certificates......................................................................66 ........................................62 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ................................62 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .......66 Section 5.04 Persons Deemed Owners.................................................................70 ...................................66 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ...............................................66 Section 5.06 Maintenance of Office or Agency.......................................................71 .........................67 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...........................68

Priorities of Distribution. 58 68 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................71 Section 4.04 [Reserved]............................................................................61 72 Section 4.05 Allocation of Realized Losses.........................................................61 72 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 74 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...................................................................................75 Section 5.01 The Certificates......................................................................66 75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 79 Section 5.04 Persons Deemed Owners.................................................................70 79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 79 Section 5.06 Maintenance of Office or Agency.......................................................71 80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72......................................................................81

Priorities of Distribution. 58 59 Section 4.03 [Reserved]............................................................................61 63 Section 4.04 [Reserved]............................................................................61 63 Section 4.05 Allocation of Realized Losses.........................................................61 63 Section 4.06 Monthly Statements to Certificateholders..............................................62 64 Section 4.07 [Reserved]............................................................................64 66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 66 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................68 Section 5.01 The Certificates......................................................................66 68 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 68 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 72 Section 5.04 Persons Deemed Owners.................................................................70 72 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 72 Section 5.06 Maintenance of Office or Agency.......................................................71 73 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................74

Priorities of Distribution. 58 Section 4.03 60 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ........................................................................65 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 .....................................................65 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................66 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ..........................................67 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.........................69 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ........................70 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ..................................................................72 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ......................................................................72 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 .................................77 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 .............................................................77 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 .........................77 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...................................................78

Priorities of Distribution. 58 Section 4.03 61 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 .............................................64 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 ..........................64 SECTION 4.05. [Reserved].............................................65 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ...............65 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates...........................................67 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ...........................................68 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 .......................................70 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ...............................70 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ......75 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ..................................75 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ..............................................75 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................76

Priorities of Distribution. 58 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ...............................................IV-5 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 ............................IV-5 SECTION 4.05. [Reserved]...............................................IV-6 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 .................IV-6 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.............................................IV-7 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 .............................................IV-8 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES V-1 SECTION 5.01. The Certificates......................................................................66 Section 5.02 ..........................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ..................................V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 .........V-5 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 .....................................V-6 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 .................................................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ...........................V-6 ARTICLE SIX VI THE DEPOSITOR AND THE MASTER SERVICERSERVICER VI-1 SECTION 6.01. Respective Liabilities of the Depositor and the Master Servicer.................................................72VI-1 SECTION 6.02. Merger or Consolidation of the Depositor or the Master Servicer.................................................VI-1 SECTION 6.03. Limitation on Liability of the Depositor, the Sellers, the Master Servicer and Others...........................VI-1 SECTION 6.04. Limitation on Resignation of Master Servicer.............VI-2 ARTICLE VII DEFAULT VII-1

Priorities of Distribution. 58 68 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................72 Section 4.04 [Reserved]............................................................................61 73 Section 4.05 Allocation of Realized Losses.........................................................61 73 Section 4.06 Monthly Statements to Certificateholders..............................................62 74 Section 4.07 [Reserved]............................................................................64 77 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 77 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................80 Section 5.01 The Certificates......................................................................66 80 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 80 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 84 Section 5.04 Persons Deemed Owners.................................................................70 84 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 84 Section 5.06 Maintenance of Office or Agency.......................................................71 85 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................86

Priorities of Distribution. 58 60 Section 4.03 [Reserved]............................................................................61 65 Section 4.04 [Reserved]............................................................................61 65 Section 4.05 Allocation of Realized Losses.........................................................61 65 Section 4.06 Monthly Statements to Certificateholders..............................................62 66 Section 4.07 [Reserved]............................................................................64 68 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 68 ARTICLE FIVE THE CERTIFICATES......................................................................66 ..............................................................................70 Section 5.01 The Certificates......................................................................66 70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 74 Section 5.04 Persons Deemed Owners.................................................................70 74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 74 Section 5.06 Maintenance of Office or Agency.......................................................71 75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72..........................................................76

Priorities of Distribution. 58 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 IV-8 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 IV-8 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...............................IV-9 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 .............................................IV-10 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................IV-10 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ...........................IV-11 SECTION 4.09. Distributions from the Corridor Contract Reserve Fund................................IV-13 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 .......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ......................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ..................................................................V-5 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ..............................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................................................V-6

Priorities of Distribution. 58 72 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................77 Section 4.04 [Reserved]............................................................................61 77 Section 4.05 Allocation of Realized Losses.........................................................61 77 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 79 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................78 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 82 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................85 Section 5.01 The Certificates......................................................................66 85 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 85 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 89 Section 5.04 Persons Deemed Owners.................................................................70 90 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 90 Section 5.06 Maintenance of Office or Agency.......................................................71 90 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................91

Priorities of Distribution. 58 65 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............69 Section 4.04 [Reserved]............................................................................61 ............................................................70 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................70 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................71 Section 4.07 [Reserved]............................................................................64 ............................................................73 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............73 ARTICLE FIVE THE CERTIFICATES......................................................................66 ............................................................75 Section 5.01 The Certificates......................................................................66 ......................................................75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................79 Section 5.04 Persons Deemed Owners.................................................................70 .................................................79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............79 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................................81

Priorities of Distribution. 58 Section 95 SECTION 4.03 [Reserved]............................................................................61 Section .............................................................................101 SECTION 4.04 [Reserved]............................................................................61 Section .............................................................................101 SECTION 4.05 Allocation of Realized Losses.........................................................61 Section ..........................................................101 SECTION 4.06 Monthly Statements to Certificateholders..............................................62 Section ...............................................103 SECTION 4.07 Distributions on the REMIC 1 Regular Interests and REMIC 2 Regular Interests...........103 SECTION 4.08 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 .............................................................................106 SECTION 4.09 Prepayment Charges.....................................................................106 SECTION 4.10 Servicer to Cooperate..................................................................106 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section ......................................................................................108 SECTION 5.01 The Certificates......................................................................66 Section .......................................................................108 SECTION 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 109 SECTION 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section ......................................114 SECTION 5.04 Persons Deemed Owners.................................................................70 Section ..................................................................115 SECTION 5.05 Access to List of Certificateholders' Names and Addresses.............................71 Section ..............................115 SECTION 5.06 Maintenance of Office or Agency.......................................................71 ........................................................115 ARTICLE SIX VI THE DEPOSITOR DEPOSITOR, THE SELLER AND THE MASTER SERVICER.................................................72...........................................................116 SECTION 6.01 Respective Liabilities of the Depositor, the Sellers and the Servicer..................116 SECTION 6.02 Merger or Consolidation of the Depositor, the Seller or the Servicer...................

Priorities of Distribution. 58 Section 4.03 94 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ..................................................102 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 ...............................102 SECTION 4.05. Cross-Collateralization.....................................104 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ....................105 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates................................................107 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ................................................108 SECTION 4.09. Distributions from the Corridor Contract Corridor Contract Reserve Fund.......................................109 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ............................................111 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ....................................111 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ...........116 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 .......................................116 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ...................................................116 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.............................117

Priorities of Distribution. 58 69 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds..............................................72 Section 4.04 [Reserved]............................................................................61 Allocation of Net Deferred Interest..................................................................73 Section 4.05 Allocation of Realized Losses.........................................................61 ........................................................................73 Section 4.06 Monthly Statements to Certificateholders..............................................62 .............................................................74 Section 4.07 [Reserved]............................................................................64 Carryover Shortfall Reserve Fund.....................................................................76 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ...........................................77 ARTICLE FIVE THE CERTIFICATES......................................................................66 ..............................................................................................79 Section 5.01 The Certificates......................................................................66 .....................................................................................79 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................79 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ....................................................83 Section 5.04 Persons Deemed Owners.................................................................70 ................................................................................83 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ............................................83 Section 5.06 Maintenance of Office or Agency.......................................................71 ......................................................................84 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72..........................................................................85

Priorities of Distribution. 58 Section 4.03 [Reserved]...........................................................................................................................61 Section 4.04 [Reserved]...........................................................................................................................61 Section 4.05 Allocation of Realized Losses.....................................................................................61 Section 4.06 Monthly Statements to Certificateholders...............................................................62 Section 4.07 [Reserved]...........................................................................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates.........................................................................64 ARTICLE FIVE THE CERTIFICATES...............................................................................................................66 Section 5.01 The Certificates...............................................................................................................66 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates............................................66 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............................................70 Section 5.04 Persons Deemed Owners.....................................................................................................70 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................................................................71 Section 5.06 Maintenance of Office or Agency.................................................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.....................................................................72

Priorities of Distribution. 58 73 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................61 Allocation of Net Deferred Interest...................................................77 Section 4.05 Allocation of Realized Losses.........................................................61 77 Section 4.06 Monthly Statements to Certificateholders..............................................62 78 Section 4.07 [Reserved]............................................................................64 Carryover Shortfall Reserve Fund......................................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 81 Section 4.09 Determination of Pass-Through Rates for MTA Certificates..............................82 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................84 Section 5.01 The Certificates......................................................................66 84 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 84 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 88 Section 5.04 Persons Deemed Owners.................................................................70 88 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 88 Section 5.06 Maintenance of Office or Agency.......................................................71 89 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................90

Priorities of Distribution. 58 60 Section 4.03 [Reserved]............................................................................61 .........................................................................................64 Section 4.04 [Reserved]............................................................................61 .........................................................................................64 Section 4.05 Allocation of Realized Losses.........................................................61 ......................................................................64 Section 4.06 Monthly Statements to Certificateholders..............................................62 ...........................................................65 Section 4.07 [Reserved]............................................................................64 .........................................................................................68 Section 4.08 [Reserved].........................................................................................68 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 .........................................68 ARTICLE FIVE THE CERTIFICATES......................................................................66 .....................................................................................................70 Section 5.01 The Certificates......................................................................66 ...................................................................................70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ........................70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ..................................................74 Section 5.04 Persons Deemed Owners.................................................................70 ..............................................................................74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ..........................................75 Section 5.06 Maintenance of Office or Agency.......................................................71 ....................................................................75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................................................................................76

Priorities of Distribution. 58 63 Section 4.03 [Reserved]............................................................................61 68 Section 4.04 [Reserved]............................................................................61 68 Section 4.05 Allocation of Realized Losses.........................................................61 68 Section 4.06 Monthly Statements to Certificateholders..............................................62 69 Section 4.07 [Reserved]............................................................................64 72 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................72 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 72 ARTICLE FIVE THE CERTIFICATES......................................................................66 .................................................................................74 Section 5.01 The Certificates......................................................................66 74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................................74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 78 Section 5.04 Persons Deemed Owners.................................................................70 79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 79 Section 5.06 Maintenance of Office or Agency.......................................................71 79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72....................................................................80

Priorities of Distribution. 58 Section 4.03 68 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 Reserved]. .......................................................................................87 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 . ....................................................................87 SECTION 4.05. [Reserved] ........................................................................................89 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 . .........................................................74 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 . .................................................................................92 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 . ......................92 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 . ................................................97 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 . ............................................................................98 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 . ........................................98 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72. ..................................................................98

Priorities of Distribution. 58 Section 4.03 56 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ........................................................................62 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 .....................................................63 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................64 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ..........................................65 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.........................66 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ........................67 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ..................................................................70 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ......................................................................70 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 .................................75 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 .............................................................75 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 .........................75 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...................................................75

Priorities of Distribution. 58 71 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................77 Section 4.04 [Reserved]............................................................................61 78 Section 4.05 Allocation of Realized Losses.........................................................61 78 Section 4.06 Monthly Statements to Certificateholders..............................................62 79 Section 4.07 [Reserved]............................................................................64 Distributions from the Yield Maintenance Reserve Funds................................82 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................82 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 82 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................85 Section 5.01 The Certificates......................................................................66 85 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 85 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 89 Section 5.04 Persons Deemed Owners.................................................................70 89 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 90 Section 5.06 Maintenance of Office or Agency.......................................................71 90 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................91

Priorities of Distribution. 58 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 IV-6 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 IV-6 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...............................IV-6 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 IV-7 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.............................IV-7 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 IV-8 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 .......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ......................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ..................................................................V-5 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ..............................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................................................V-6

Priorities of Distribution. 58 73 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................61 Allocation of Net Deferred Interest...................................................77 Section 4.05 Allocation of Realized Losses.........................................................61 77 Section 4.06 Monthly Statements to Certificateholders..............................................62 78 Section 4.07 [Reserved]............................................................................64 Carryover Shortfall Reserve Fund......................................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 81 ARTICLE FIVE THE CERTIFICATES......................................................................66 ................................................................................83 Section 5.01 The Certificates......................................................................66 83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 87 Section 5.04 Persons Deemed Owners.................................................................70 87 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 87 Section 5.06 Maintenance of Office or Agency.......................................................71 88 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72............................................................89

Priorities of Distribution. 58 82 Section 4.03 [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 Allocation of Realized Losses.........................................................61 Section 4.06 Monthly Statements to Certificateholders..............................................62 .....................................................................92 Section 4.04 Certain Matters Relating to the Determination of LIBOR.......................................................95 Section 4.05 The Certificate Insurance Policy.............................................................................95 Section 4.06 Effect of Payments by the Certificate Insurer; Subrogation...................................................97 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination Allocation of Pass-Through Rates for LIBOR Certificates............................64 Applied Realized Loss Amounts..................................................................98 ARTICLE FIVE V THE CERTIFICATES......................................................................66 ........................................................................................................98 Section 5.01 The Certificates......................................................................66 .............................................................................................98 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..................................99 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ...........................................................103 Section 5.04 Persons Deemed Owners.................................................................70 .......................................................................................104 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ...................................................104 Section 5.06 Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.............................................................................104 Section 5.07 Rights of the Certificate Insurer to Exercise Rights of Class A-1 Certificateholders.......................104 Section 5.08 Trustee To Act Solely with Consent of the Certificate Insurer...............................................105 Section 5.09 Mortgage Loans, Trust Fund and Accounts Held for Benefit of the Certificate Insurer.........................105 Section 5.10 Certificate Insurer Default.................................................................................106

Priorities of Distribution. 58 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 IV-8 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 IV-8 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds..............................IV-10 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 .............................................IV-10 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................IV-10 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ...........................IV-11 SECTION 4.09. Distributions from the Corridor Contract Reserve Fund................................IV-13 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 .......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ......................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ..................................................................V-6 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ..............................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................................................V-6

Priorities of Distribution. 58 68 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds....71 Section 4.04 [Reserved]............................................................................61 .................................................72 Section 4.05 Allocation of Realized Losses.........................................................61 ..............................72 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ...................74 ARTICLE FIVE THE CERTIFICATES......................................................................66 .................................................77 Section 5.01 The Certificates......................................................................66 ...........................................77 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ...................................77 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ..........81 Section 5.04 Persons Deemed Owners.................................................................70 ......................................81 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ..81 Section 5.06 Maintenance of Office or Agency.......................................................71 ............................82 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72....................................83 Section 6.01 Respective Liabilities of the Depositor and the Servicer...83 Section 6.02 Merger or Consolidation of the Depositor or the Servicer...83 Section 6.03 Limitation on Liability of the Depositor, the Seller, the Servicer, and Others...................................83 Section 6.04 Limitation on Resignation of the Servicer..................84

Priorities of Distribution. 58 Section 4.03 [Reserved]............................................................................61 ............................................................62 Section 4.04 [Reserved]............................................................................61 ..................................Error! Bookmark not defined. Section 4.05 Allocation of Realized Losses.........................................................61 .........................................62 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................63 Section 4.07 [Reserved]............................................................................64 ............................................................65 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............65 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...............................................................67 Section 5.01 The Certificates......................................................................66 ......................................................67 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................67 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................71 Section 5.04 Persons Deemed Owners.................................................................70 .................................................71 Section 5.05 Access to List of Certificateholders' Names and Addresses..........................................71 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................72 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...........................................73

Priorities of Distribution. 58 Section 4.03 73 SECTION 4.03. Allocation of Net Deferred Interest....................78 SECTION 4.04. [Reserved]............................................................................61 Section 4.04 .............................................78 SECTION 4.05. [Reserved]............................................................................61 Section 4.05 Allocation of Realized Losses.........................................................61 Section 4.06 .............................................78 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ...............78 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates...........................................78 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ...........................................79 SECTION 4.09. [Reserved].............................................81 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 ..................................................82 SECTION 5.01. The Certificates......................................................................66 Section 5.02 .......................................82 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ...............................83 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ......87 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ..................................88 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ..............................................88 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72........................88

Priorities of Distribution. 58 63 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................66 Section 4.04 [Reserved]............................................................................61 67 Section 4.05 Allocation of Realized Losses.........................................................61 67 Section 4.06 Monthly Statements to Certificateholders..............................................62 68 Section 4.07 [Reserved]............................................................................64 70 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 70 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................72 Section 5.01 The Certificates......................................................................66 72 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 72 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 76 Section 5.04 Persons Deemed Owners.................................................................70 76 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 76 Section 5.06 Maintenance of Office or Agency.......................................................71 77 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................78

Priorities of Distribution. 58 71 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................61 Allocation of Net Deferred Interest...................................................76 Section 4.05 Allocation of Realized Losses.........................................................61 77 Section 4.06 Monthly Statements to Certificateholders..............................................62 78 Section 4.07 [Reserved]............................................................................64 Carryover Shortfall Reserve Fund......................................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 81 Section 4.09 Determination of Pass-Through Rates for MTA Certificates..............................82 Section 4.10 Policy; Rights of the Certificate Insurer.............................................83 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................86 Section 5.01 The Certificates......................................................................66 86 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 86 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 90 Section 5.04 Persons Deemed Owners.................................................................70 90 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 90 Section 5.06 Maintenance of Office or Agency.......................................................71 91 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................92

Priorities of Distribution. 58 63 Section 4.03 [Reserved]............................................................................61 ..............................................................................69 Section 4.04 [Reserved]............................................................................61 ..............................................................................69 Section 4.05 Allocation of Realized Losses.........................................................61 ...........................................................69 Section 4.06 Monthly Statements to Certificateholders..............................................62 ................................................70 Section 4.07 [Reserved]............................................................................64 ..............................................................................72 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ..............................72 ARTICLE FIVE THE CERTIFICATES......................................................................66 ..........................................................................................74 Section 5.01 The Certificates......................................................................66 ........................................................................74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 .............74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .......................................78 Section 5.04 Persons Deemed Owners.................................................................70 ...................................................................78 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ...............................78 Section 5.06 Maintenance of Office or Agency.......................................................71 .........................................................79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72......................................................................80

Priorities of Distribution. 58 65 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................69 Section 4.04 [Reserved]............................................................................61 70 Section 4.05 Allocation of Realized Losses.........................................................61 70 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 72 ARTICLE FIVE THE CERTIFICATES......................................................................66 ................................................................................75 Section 5.01 The Certificates......................................................................66 75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................................75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 79 Section 5.04 Persons Deemed Owners.................................................................70 79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 79 Section 5.06 Maintenance of Office or Agency.......................................................71 80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...................................................................81

Priorities of Distribution. 58 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ......................................................................IV-8 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 ...................................................IV-8 SECTION 4.05. [Reserved]......................................................................IV-9 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ........................................IV-9 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.......................IV-9 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 .....................IV-10 SECTION 4.09. Distributions from the Corridor Contract Reserve Fund..........................IV-12 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 .................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ......V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ............................................................V-6 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ........................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72..................................................V-6

Priorities of Distribution. 58 60 Section 4.03 [Reserved]............................................................................61 ............................................................64 Section 4.04 [Reserved]............................................................................61 ............................................................64 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................64 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................65 Section 4.07 [Reserved]............................................................................64 ............................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............67 ARTICLE FIVE THE CERTIFICATES......................................................................66 .............................................................69 Section 5.01 The Certificates......................................................................66 ......................................................69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................73 Section 5.04 Persons Deemed Owners.................................................................70 .................................................73 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............73 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.........................................75

Priorities of Distribution. 58 Section 4.03 76 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 ...............................................81 SECTION 4.04. [Reserved]............................................................................61 Section 4.05 Allocation of Realized Losses.........................................................61 Section 4.06 ...............................................81 SECTION 4.05. [Reserved]...............................................81 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 .................81 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.............................................81 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 .............................................82 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 .........................................86 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 .................................87 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ........92 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ....................................92 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ................................................92 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72..........................93

Priorities of Distribution. 58 Section 4.03 76 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ........................................................................79 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 .....................................................79 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................80 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ..........................................81 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ..................................................................82 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ......................................................................82 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 .................................87 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 .............................................................87 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 .........................87 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...................................................88

Priorities of Distribution. 58 Section 4.03 60 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ......................................................................................63 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 ...................................................................63 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds.........................................65 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ........................................................65 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ................................................................................68 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 .....................68 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ...............................................73 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ...........................................................................73 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 .......................................73 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.................................................................74

Priorities of Distribution. 58 72 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................61 77 Section 4.05 Allocation of Realized Losses.........................................................61 77 Section 4.06 Monthly Statements to Certificateholders..............................................62 78 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 81 Section 4.08 Supplemental Interest Trust...........................................................82 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................83 Section 5.01 The Certificates......................................................................66 83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 88 Section 5.04 Persons Deemed Owners.................................................................70 88 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 88 Section 5.06 Maintenance of Office or Agency.......................................................71 89 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................90

Priorities of Distribution. 58 68 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................73 Section 4.04 [Reserved]............................................................................61 74 Section 4.05 Allocation of Realized Losses.........................................................61 74 Section 4.06 Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 75 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................79 Section 5.01 The Certificates......................................................................66 79 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 79 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 83 Section 5.04 Persons Deemed Owners.................................................................70 83 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 83 Section 5.06 Maintenance of Office or Agency.......................................................71 84 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................85

Priorities of Distribution. 58 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 IV-6 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 IV-6 SECTION 4.05. [Reserved]............................................................................IV-7 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 IV-7 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.............................IV-8 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 IV-9 SECTION 4.09. Distributions from the Corridor Contract Reserve Fund................................IV-10 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES V-1 SECTION 5.01. The Certificates......................................................................66 Section 5.02 .......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 ......................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ..................................................................V-6 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ..............................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ........................................................V-6 ARTICLE SIX VI THE DEPOSITOR AND THE MASTER SERVICER.................................................72SERVICER VI-1 SECTION 6.01. Respective Liabilities of the Depositor and the Master Servicer.......................VI-1 SECTION 6.02. Merger or Consolidation of the Depositor or the Master Servicer.......................VI-1 SECTION 6.03. Limitation on Liability of the Depositor, the Sellers, the Master Servicer and Others................................................................................VI-1 SECTION 6.04. Limitation on Resignation of Master Servicer..........................................VI-2 ARTICLE VII DEFAULT VII-1

Priorities of Distribution. 58 61 Section 4.03 [Reserved]............................................................................61 65 Section 4.04 [Reserved]............................................................................61 65 Section 4.05 Allocation of Realized Losses.........................................................61 65 Section 4.06 Monthly Statements to Certificateholders..............................................62 66 Section 4.07 [Reserved]............................................................................64 68 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 68 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................70 Section 5.01 The Certificates......................................................................66 70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 74 Section 5.04 Persons Deemed Owners.................................................................70 74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 74 Section 5.06 Maintenance of Office or Agency.......................................................71 75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................76

Priorities of Distribution. 58 61 Section 4.03 [Reserved]............................................................................61 64 Section 4.04 [Reserved]............................................................................61 Allocation of Net Deferred Interest...................................................64 Section 4.05 Allocation of Realized Losses.........................................................61 64 Section 4.06 Monthly Statements to Certificateholders..............................................62 65 Section 4.07 [Reserved]............................................................................64 Carryover Shortfall Reserve Fund......................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 68 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................70 Section 5.01 The Certificates......................................................................66 70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 74 Section 5.04 Persons Deemed Owners.................................................................70 74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 74 Section 5.06 Maintenance of Office or Agency.......................................................71 75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................76

Priorities of Distribution. 58 Section 4.03 [Reserved]............................................................................61 62 Section 4.04 [Reserved]............................................................................61 Section 4.05 Allocation of Realized Losses.........................................................61 62 Section 4.06 Monthly Statements to Certificateholders..............................................62 63 Section 4.07 [Reserved]............................................................................64 65 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 65 ARTICLE FIVE THE CERTIFICATES......................................................................66 67 Section 5.01 The Certificates......................................................................66 67 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 67 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 71 Section 5.04 Persons Deemed Owners.................................................................70 71 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 72 Section 5.06 Maintenance of Office or Agency.......................................................71 72 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................7273

Priorities of Distribution. 58 72 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............................80 Section 4.04 [Reserved]............................................................................61 81 Section 4.05 Allocation of Realized Losses.........................................................61 81 Section 4.06 Monthly Statements to Certificateholders..............................................62 82 Section 4.07 [Reserved]............................................................................64 85 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................85 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................64 85 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................88 Section 5.01 The Certificates......................................................................66 88 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 88 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 92 Section 5.04 Persons Deemed Owners.................................................................70 93 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 93 Section 5.06 Maintenance of Office or Agency.......................................................71 93 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.......................................................................94

Priorities of Distribution. 58 73 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............79 Section 4.04 [Reserved]............................................................................61 ............................................................80 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................80 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................81 Section 4.07 [Reserved]............................................................................64 ............................................................84 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............84 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...............................................................87 Section 5.01 The Certificates......................................................................66 ......................................................87 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................87 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................91 Section 5.04 Persons Deemed Owners.................................................................70 .................................................91 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............91 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................92 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72..................................................93

Priorities of Distribution. 58 60 Section 4.03 [Reserved]............................................................................61 63 Section 4.04 [Reserved]............................................................................61 63 Section 4.05 Allocation of Realized Losses.........................................................61 63 Section 4.06 Monthly Statements to Certificateholders..............................................62 64 Section 4.07 [Reserved]............................................................................64 66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 66 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................69 Section 5.01 The Certificates......................................................................66 69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 73 Section 5.04 Persons Deemed Owners.................................................................70 73 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 73 Section 5.06 Maintenance of Office or Agency.......................................................71 74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................75

Priorities of Distribution. 58 Section 4.03 60 SECTION 4.03. [Reserved]............................................................................61 Section 4.04 [Reserved]............................................................................61 Section 4.05 ..............................................64 SECTION 4.04. Allocation of Realized Losses.........................................................61 Section 4.06 ...........................64 SECTION 4.05. [Reserved]..............................................66 SECTION 4.06. Monthly Statements to Certificateholders..............................................62 Section 4.07 [Reserved]............................................................................64 Section 4.08 ................66 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................................68 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................64 ............................................68 ARTICLE FIVE V THE CERTIFICATES......................................................................66 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................66 Section 5.02 ........................................71 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........66 Section 5.03 ............................71 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 Section 5.04 .......75 SECTION 5.04. Persons Deemed Owners.................................................................70 Section 5.05 ...................................75 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................71 Section 5.06 ...............................................76 SECTION 5.06. Maintenance of Office or Agency.......................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72.........................76

Priorities of Distribution. 58 65 Section 4.03 [Reserved]............................................................................61 ......................................................................................67 Section 4.04 [Reserved]............................................................................61 Allocation of Net Deferred Interest.............................................................67 Section 4.05 Allocation of Realized Losses.........................................................61 ...................................................................68 Section 4.06 Monthly Statements to Certificateholders..............................................62 ........................................................69 Section 4.07 [Reserved]............................................................................64 Carryover Shortfall Reserve Fund................................................................71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ......................................71 ARTICLE FIVE THE CERTIFICATES......................................................................66 ..............................................................................................74 Section 5.01 The Certificates......................................................................66 ................................................................................74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 .....................74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ...............................................78 Section 5.04 Persons Deemed Owners.................................................................70 ...........................................................................78 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .......................................78 Section 5.06 Maintenance of Office or Agency.......................................................71 .................................................................79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72..........................................................................80

Priorities of Distribution. 58 59 Section 4.03 [Reserved]............................................................................61 .................................................................................63 Section 4.04 [Reserved]............................................................................61 .................................................................................63 Section 4.05 Allocation of Realized Losses.........................................................61 ..............................................................63 Section 4.06 Monthly Statements to Certificateholders..............................................62 ...................................................64 Section 4.07 [Reserved]............................................................................64 .................................................................................66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 .................................66 ARTICLE FIVE THE CERTIFICATES......................................................................66 ....................................................................................68 Section 5.01 The Certificates......................................................................66 ...........................................................................68 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ................68 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 ..........................................72 Section 5.04 Persons Deemed Owners.................................................................70 ......................................................................72 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 ..................................72 Section 5.06 Maintenance of Office or Agency.......................................................71 ............................................................73 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72................................................................74

Priorities of Distribution. 58 68 Section 4.03 [Reserved]............................................................................61 Cross-Collateralization; Adjustments to Available Funds...............72 Section 4.04 [Reserved]............................................................................61 ............................................................73 Section 4.05 Allocation of Realized Losses.........................................................61 .........................................73 Section 4.06 Monthly Statements to Certificateholders..............................................62 ..............................74 Section 4.07 [Reserved]............................................................................64 ............................................................76 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................64 ............76 ARTICLE FIVE THE CERTIFICATES......................................................................66 ...............................................................79 Section 5.01 The Certificates......................................................................66 ......................................................79 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........66 ..........................................................79 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................70 .....................83 Section 5.04 Persons Deemed Owners.................................................................70 .................................................83 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................71 .............83 Section 5.06 Maintenance of Office or Agency.......................................................71 .......................................84 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.................................................72...........................................85